PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 1 Year 2018 Ended March 31, 2018 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

events in the second Quarter of 2017  The progress in construction projects - Klongluang Utilities Company Limited, (EGCO holds a 99.99% ownership interest.), is a cogeneration power plant project, TJ

4,669.2 (2.0%) Revenue from finance lease under power purchase agreement 109.4 104.5 105.2 0.7% (3.8%) 307.0 312.1 1.7% Cost of sales and services (1,350.7) (1,191.7) (1,168.7) (1.9%) (13.5%) (3,674.1

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

1 June 30, 2020 Subjects : The acquisition of ordinary shares of APEX Energy Co., Ltd. increased 18.75% Attention : The Director and Manager of the Stock Exchange of Thailand Eastern Power Group

1,139.5 1,182.8 1,148.4 (34.4) (2.9%) 4,540.2 4,586.4 46.2 1.0% Revenue from finance lease under power purchase agreement 100.9 102.8 103.2 94.3 (8.9) (8.6%) 410.4 401.2 (9.2) (2.2%) Revenue from

factors that continued to occur since the previous year, such as the production of new high-technology products, an increase in the cost of goods sold resulting from a continuously high cost of raw

, please contact Investor Relations Division of the Electricity Generating Public Company Limited at Tel: 662-998-5150-3 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and

procurement of project site location and rendering of related services to clients who operate 17 solar power projects in Thailand, and (2) revenues from the sale of electricity from its own solar power project

of the existing and new manufacturer's installed capacity. However, the Company aware of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures